Big Oil Does the Stock Market Victory Dance Written By: Miranda Marquit 2007-09-21 12:11:22
Just like nearly everyone else, Big Oil is doing a victory dance on the stock market. And why not? The Fed rate cut made money cheaper, so that helps earnings. And oil prices are at record levels. That supposedly eats into Big Oil profits, but it never seems to really reduce profits, and the Fed rate cut will probably take care of that anyway, despite threats by a variety of oil producing countries to move away from the dollar.
Big Oil Stocks Surge Written By: Miranda Marquit 2008-04-16 12:06:50
Exxon Mobil (XOM) was back above $90 a share on Wednesday. Indeed, it appears to be heading toward $92 a share. And all of this thanks to the news that global oil supply is likely to cause problems. But XOM is not the only Big Oil stock on its way up. Conoco-Phillips (COP), Chevron (CVX), Royal Dutch Shell (RDS-B) and even BP (BP) all made gains on the stock market.
